This triplex features classic-condition, charming units in a fantastic walkable neighborhood. Units are submetered for electric and include access to an on-site detached garage. The unit mix is two 2Bed/1Bath units and one 1Bed/1Bath unit. The property is fully occupied with month-to-month tenants.
The walkable neighborhood is also near major employers, University Health/Truman Medical Center, Saint Luke’s Hospital, Children’s Mercy, UMKC, Longfellow Park, Hyde Park, and the Country Club Plaza for shopping and dining.
Why We Love It: Historic neighborhood, spacious units with hardwood floors, central HVAC, garage, and prime location near hospitals, UMKC & Plaza.
The Challenge: As units turn, cosmetic updates will be needed to achieve market rent; pricing reflects this!
The Value-Add Play: All units are month-to-month, giving the buyer flexibility! As units turn, buyer can consider cosmetic renovations and in-unit washer-dryers to achieve a significant monthly rent premium.